HOUSTON PALESTINE WATER ASSN INC (EIN 640663221) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1972

Legal Domicile

Principal Officer

STEVE WILBURN

Tax Period

2023-01-01 to 2023-12-31

HOUSTON PALESTINE WATER ASSN INC, founded in 1972, is a small nonprofit that reported $288K in total revenue in fiscal year 2023. The organization ran a surplus of $70K, a strong 24% operating margin.

Mission

TO PROVIDE RURAL WATER SERVICE

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $276,127

Investment Income $11,531

Other Revenue $0

TOTAL REVENUE $287,658

Expense Breakdown

Grants Paid $0

Salaries & Benefits $72,040

Fundraising Expenses $0

Program Expenses $213,855

Other Expenses $145,916

TOTAL EXPENSES $217,956

Year-over-Year Comparison

	2023	2022	Change
Revenue	$287,658	N/A	N/A
Expenses	$217,956	N/A	N/A
Net Income	$69,702	N/A	N/A

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOUGLAS KITCHENS	DIRECTOR	0.00	Director	$0	$0	$0
CARL DUNLAP	DIRECTOR	0.00	Director	$0	$0	$0
GEORGE MCMULLEN	DIRECTOR	0.00	Director	$0	$0	$0
MARK NEIGHBORS	DIRECTOR	0.00	Director	$0	$0	$0
STEVE WILBURN	PRESIDENT	5.00	Officer	$0	$0	$0
DEBBIE WILLIAMS	SECRETARYTREASURER	0.00	Officer	$0	$0	$0
COY VOYLES	VICE PRESIDENT	0.00	Officer	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2023	$287,658	$217,956	$1,212,016	$69,702
2022	$252,484	$204,526	$1,159,661	$47,958
2021	$205,373	$215,413	$1,132,441	$-10,040
2020	$170,198	$193,023	$1,167,117	$-22,825
2019	$150,633	$179,643	$1,203,937	$-29,010
2018	$188,034	$192,941	$1,234,741	$-4,907

HOUSTON PALESTINE WATER ASSN INC